5 Myths About Estate Planning in Florida

Myth #1: Estate planning is only for the wealthy 💸

Reality: If you own anything - a house, a car, a savings account, or even just jewelry you’d like to pass down you need an estate plan. It’s less about wealth and more about making sure your stuff goes where you want it to go.

Myth #2: Only older people need an estate plan 👵

Reality: Life happens. Young parents may need to name guardians for their kids. College grads may want a healthcare directive in case of an emergency. Estate planning isn’t about age, it’s about being prepared.

Myth #3: A will is all you need 📝

Reality: A will is a great start, but it usually has to go through Florida probate (a long, often expensive court process). Trusts, Lady Bird deeds, and beneficiary designations can make things smoother for your loved ones.

Myth #4: My family will just “figure it out” 🤷‍♀️

Reality: Without a plan, Florida law decides who inherits. That may not match what you actually want and it can cause stress and arguments in families. Having things in writing keeps the peace.

Myth #5: Estate planning is only about death 🌱

Reality: It’s just as much about life! With powers of attorney and healthcare directives, you’re making sure someone you trust can step in if you can’t handle decisions yourself.